Saertex USA To Expand Facility, Add 178 Jobs

Huntersville, N.C.-based Saertex USA LLC — a manufacturer of technical fabrics for lightweight
composite structures for green energy applications, and the U.S. subsidiary of Germany-based
Saertex GmbH & Co. KG — has announced it will invest $6.5 million over the next three years to
expand its facility, with the expectation of adding 178 jobs to its current workforce of 126. The
investment was funded in part by the One North Carolina fund, which offers financial assistance
through local governments to promote business investments and create jobs.

In addition to its Huntersville location, which opened in 2000, Saertex has subsidiaries in
France, Germany, Portugal, South Africa, India and China. The company produces and sells
technologies mainly for wind energy, aerospace, civil engineering, automotive and shipbuilding
applications. Saertex USA is expanding as a result of increasing demand for lightweight,
energy-saving components.

“Saertex USA appreciates the support of Gov. [Bev] Perdue and the State of North Carolina in
helping increase our footprint in North Carolina, while supporting wind and other green industries
in the United States,” said Dr. Christian Kissinger, general manager, Saertex USA. “We are
encouraged by the recognition and the vision of the State of North Carolina in promoting new
technologies like composites in the transportation and renewable energy sector. While we continue
to focus on bringing new technologies to the market that will create more efficient transportation
systems and wind turbines, it is the support of local, state and federal governments that will lay
the necessary groundwork.”

The company reports the average annual wage for new employees will be $41,506, not including

October 26, 2010